Relief at the pump as EPRA announces new fuel prices
By Dennis Onyancha, June 14, 2024
The Energy and Petroleum Regulatory Authority has today announced a decrease in the maximum retail price of petroleum products effective from June 15 to July 14, 2024.
Drop in fuel prices
In the announcement, Super Petrol drops by Ksh3 per litre, Diesel drops by Ksh6.08 per litre while Kerosene sees a Ksh5.71 drop, marking a drop in fuel prices for the second consecutive month.
“In the period under review, the maximum allowed petroleum pump price for Super Petrol, Diesel and Kerosene decrease by Ksh3.00 per litre, Ksh6.08 per litre and Ksh5.71 per litre respectively,” the statement reads.
The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020.
The regulatory commission cited the drop in retail prices to a fall in prices on the international market. In the statement by EPRA, the average landed cost of imported Super Petrol decreased by 1.95% from US$765.87 per cubic metre in April 2024 to US$750.95 per cubic metre in May 2024.
The price of diesel registered a 3.92% fall, from US$719.21 per cubic metre to US$690.99 per cubic metre in the same duration while Kerosene recorded the highest decrease of 6.84% from US$728.97 per cubic metre to US$679.14 per cubic metre.
Fuel Prices in major cities
Changes in pricing at pumps across major cities and towns are expected after EPRA’s review of maximum retail prices in the country.
Super Petrol will retail at Ksh189.84 per litre in the capital, diesel at Ksh173.10 per while Kerosene will sell at Ksh163.05 per liter.
In Kisumu motorists will pay Ksh189.66 for petrol, Ksh173.31 for diesel and Ksh163.34 for Kerosene.
Motorists in Mombasa will pay the least in the new review with petrol retailing at Ksh186.66, Diesel at Ksh169.93 and Kerosene at Ksh160.00.
In Nakuru motorists will pay Ksh188.90 for petrol, Ksh172.54 for diesel and Ksh162.57 for kerosene.
In Eldoret motorists will part with Ksh189.67 for Petrol, Ksh173.31 for diesel and Ksh163.34 for Kerosene.
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